Tradewind Energy, LLC

Lenexa, Kansas

has been acquired by

Enel North America

Andover, Massachusetts
a wholly owned subsidiary of

Enel SpA

Milan, Italy

Capital Alliance Corporation initiated this transaction and assisted in its closing.

Tradewind Energy, LLC

TradeWind Energy specializes in developing and managing wind energy projects in the “Heartland.” With the aid of Capital Alliance, TradeWind sold 45% of its business to Enel North America, the renewable energy subsidiary of the Italian utility Enel, one of the largest utility companies in the world.

TradeWind Energy had been in business approximately three years prior to engaging Capital Alliance. The energized and well-experienced management team had a successful history of developing and completing utility projects. However, the major shareholders, inactive in the business, did not wish to continue supporting the very large capital requirements needed for turbine deposits or the credit support for power purchase agreements.

Although well organized, the company had generated neither revenues nor profits in its brief history. Predicting future revenue growth was an inexact exercise, and presented variable outcomes in company forecasting. Capital Alliance delivered books to thirty-five potential buyers over the course of the engagement, which led to six formal meetings and four offers. Enel emerged as the right acquirer at the right price.

Capital Alliance negotiated sales terms perfectly aligned with the expectations of the TradeWind shareholders, who wished to maintain control. The terms included cash at closing, deferred payments, and subsequent performance payments.